Who do you know? From now until 31 December, EMPEA is running our Member-Get-A-Member Campaign. Refer firms in your network to EMPEA membership and help build an even more vibrant EM private capital community. By referring a firm who becomes a Member, you will be entered to win one of the following two prizes:

Mexico-focused private equity firm Nexxus Capital and Spain-focused private equity firm MCH Private Equity have agreed to invest in Spain-based Pumping Team Holding, a concrete pumping services company with operations in Mexico and Spain. Nexxus will invest through Nexxus Capital Private Equity Fund VI, while MCH will invest through MCH Iberian Capital Fund IV. Concurrently, Pumping Team has agreed to acquire Mexico-based building materials company CEMEX’s ready-mix concrete pumping assets in Mexico for approximately US$80 million, plus an additional US$29 million purchase price contingent on future performance targets. The transaction, which is subject to approval from regulators in Mexico, is expected to close during the first quarter of 2017.

Brookfield Asset Management and France-based industrial services and solutions company Suez have agreed to acquire Peru-based water infrastructure concessions H2Olmos and Concesionaria Trasvase Olmos from Odebrecht Latininvest, a subsidiary of Brazil-based engineering group Odebrecht. Both concessions form part of the Olmos project, which consists of a trans-Andean water transfer tunnel and related infrastructure for irrigation and hydroelectric power generation. Brookfield will invest through Brookfield Infrastructure Partners. Financial details of the transaction, which is subject to creditor and government approval, were not disclosed.

Nigeria-based off-grid solar firm Lumos Global has raised US$90 million from development finance institution Overseas Private Investment Corporation (OPIC), Sub-Saharan Africa-focused investment firm Pembani Remgro Infrastructure Managers, VLTCM and Israeli cleantech venture specialist ICV. The new funding comprises US$50 million in debt provided by OPIC and US$40 million in equity from Pembani Remgro, VLTCM and ICV. Lumos Global will use the new capital to expand into other countries, building on its foundation in Nigeria.

Global venture capital firm Accel Partners has reached a final close for its fifth India-focused fund with US$450 million in commitments. The fund will invest in the consumer internet, enterprise software, financial technology and health care sectors. Accel reportedly plans to begin investing from the fund in early 2017.

Korea-focused private equity firm IMM Investment has agreed to acquire Korea-based waste management and recycling services provider Eco Management Korea Holdings from JP Morgan Asset Management for KRW400 billion (approximately US$338 million). Almost half of the funding for the deal will come from IMM Investment’s blind pool fund, while the remaining will be raised through loans from financial institutions. The transaction is expected to be completed by early next year. Separately, IMM has agreed to invest KRW30 billion (approximately US$26 million) in Korea-based artwork auction house K Auction. With IMM’s support, K Auction will bolster its online auction platform, expand its logistics facility for artwork storage and increase the size of its workforce.

China-focused private equity firm Everbright Reinfore has led a CNY700 million (approximately US$102 million) Series B round for Beijing DS365 Technology, a China-based provider of supply chain management, transaction and logistics solutions for convenience stores. Financial services provider China UCF Group also participated in the round. DS365 will use the new capital to scale its business into additional Chinese cities.

Southeast Asia-focused venture capital firm Jungle Ventures has reached a final close for Jungle Ventures II with US$100 million in commitments. Investors include sovereign wealth fund Temasek Holdings, Singapore-based National Research Foundation, Germany-based Hubert Burda Media, Singapore-based consumer electronics distributor Thakral and family offices Kewalram Chanrai Group and Khoon Hong Kuok. Development finance institution International Finance Corporation also committed US$10 million to the fund, which will focus on Series A and select Series B investments in technology startups.

CEE-focused mid-market private equity firm Innova Capital has fully exited its investment in Poland-based internet portal Wirtualna Polska (WP), selling its remaining 27 percent stake for PLN50 (approximately US$11.96) per share on the Warsaw Stock Exchange. Innova Capital originally invested in WP in 2014 through Innova/5 and subsequently merged the company with Poland-based o2 Group. The exit reportedly generated an internal rate of return of more than 60 percent and follows Innova’s initial divestiture during the company’s IPO in 2015.

India-focused private equity firm Amicus Capital Partners has reportedly reached a first close for its first fund with approximately US$90 million in commitments. Investors in the fund include European family offices and multilateral institutions. The fund, which is targeting US$200 million in total commitments, will largely focus on acquiring minority stakes in companies in the health care, technology, business services, financial services, consumer and leisure sectors.

Nigeria- and Ghana-focused private equity firm Synergy Capital Managers has invested in Nigeria-based MSY Analytics Group, a technology-driven professional services and data analytics company focused on organizational productivity. MSY will use Synergy’s investment, which was made through Synergy Private Equity Fund, to expand geographically across the continent and to deepen its product offerings. Financial details of the transaction were not disclosed.

CDC is seeking a candidate for the position of a Legal Counsel. The role is a consequence of CDC’s evolving investment programme with its increased emphasis on direct debt and equity investments in developing countries and a growing investment pipeline.

For more information, including responsibilities and qualifications, please click here.

CDC is seeking a candidate for the position of a Legal Counsel. The role is a consequence of CDC’s evolving investment programme, which includes a robust investment pipeline and a maturing investment portfolio, particularly its intermediated investment portfolio, which CDC commenced funding in 2004.

For more information, including responsibilities and qualifications, please click here.

Trilinc Global is hiring for the position of Credit Manager who will work closely with the Head of Credit on all facets of position and manager selection, due diligence, monitoring, and bottom up portfolio management.

For more information, including responsibilities and qualifications, please click here.

African Development Bank is hiring for the position of Associate Research Officer who will be part of the Knowledge Management Team and will be responsible for conducting research on developments in the African financial sector, providing content for the Partnership’s website and newsletters.

For more information, including responsibilities and qualifications, please click here.

About EMPEA

EMPEA is the global industry association for private capital in emerging markets. We are an independent non-profit organization with over 300 member firms, comprising institutional investors, fund managers and industry advisors, who together manage more than US$1 trillion of assets and have offices in more than 100 countries across the globe. Our members share EMPEA’s belief that private capital is a highly suited investment strategy in emerging markets, delivering attractive long-term investment returns and promoting the sustainable growth of companies and economies. We support our members through global authoritative intelligence, conferences, networking, education and advocacy. For more information, visit empea.org.